Showing posts with label Peter Schiff. Show all posts
Showing posts with label Peter Schiff. Show all posts

Saturday, August 7, 2010

Friday, July 16, 2010

http://www.youtube.com/watch?v=ckg1gzijqfo
Peter Schiff is the president of Euro Pacific Capital as well as a renowned analyst, investor and author. Since famously predicting the economic crash of 2007-09 he has written several books, advised Ron Paul's 2008 presidential campaign and launched his own campaign for the Connecticut seat in the United States Senate. He recently released his newest book, "How an Economy Grows and Why It Crashes," which is available here at Amazon.com. Peter was nice enough to talk with Benzinga's Alex Schiff about his bet with Art Laffer, the future of the markets, gold and more.

Thursday, June 24, 2010

Peter Schiff Comments On Gold & Gold Stocks 6-24-10 "I think it’s going higher. I think it’s going over $5,000 USD an ounce"


"I don't even look at Gold as an investment, I look at gold stocks as an investment, although I would consider them to be more speculation at this point because they don’t offer much in terms of yield. I would look at gold more the way I would look at cash. It’s liquid. It’s a store of savings. I look at it as if you don’t want to invest your money, you hold it in gold. It’s like putting your money in a bank and saying you don’t want to risk it, I just want to save it. I don’t really view it as an alternative to stocks or bonds, it’s an alternative to the euro or the dollar or the Japanese yen. And from that perspective, it’s an absolute winner.

For awhile, gold was on the back-burner. People had confidence in Alan Greenspan and central bankers, you could get a good rate of return, there was a lot of interest you could earn by keeping your money in a bank and gold had declined for 20 years. No one was really interested in it. But it’s making a big comeback. Eventually, more and more people will be owning gold. Right now, I think there’s only a small segment of the population that has caught on to gold and rediscovered it. And as more and more people return to gold and understand why it’s been money for so long and have more distrust of governments and central bankers, its appeal is going to strengthen and the price is going to go up. I think it’s going higher. I think it’s going over 5,000 USD an ounce." - Peter David Schiff (born March 23, 1963) is an American economist, author, commentator and popular video blogger. Schiff, a licensed stock broker, is the president of Euro Pacific Capital, headquartered in Westport, Connecticut and is currently running for Senate in Connecticut.

Monday, June 21, 2010

Peter Schiff on the Yuan : CNBC Fast Money Spotlight 21 june 2010


If China let its currency float, it would be good for China and bad for the US, according to Peter Schiff, of Euro Pacific Capital. He explains his theory to CNBC.

Thursday, June 17, 2010

A Must Watch - Esteemed Economist John Williams & Peter Schiff discuss the CPIU Inflation Adjusted Value Of Gold & Silver



April 06, 2010 — Esteemed economist John Williams from http://www.shadowstats.com and Peter Schiff of Euro Pacific Capital discuss the merits of owning precious metals. Gold and Silver as a hedge - as an insurance policy - against the increasingly certain, impending economic apocalypse. Williams cites $7,500 as being the CPIU inflation adjusted actual value of gold TODAY. $436/oz. is cited as the CPIU inflation adjusted value of Silver. Both agree the sky is the limit on precious metals as the Fed monetizes debt and the system as we know it begins to fall apart at the seams. God help us all. Buy silver and gold TODAY as some measure of protection for you and your family.

Walter J. "John" Williams was born in 1949. He received an A.B. in Economics, cum laude, from Dartmouth College in 1971, and was awarded a M.B.A. from Dartmouth's Amos Tuck School of Business Administration in 1972, where he was named an Edward Tuck Scholar. During his career as a consulting economist, John has worked with individuals as well as Fortune 500 companies.

Formally known as Walter J. Williams, my friends call me John. For more than 25 years, I have been a private consulting economist and, out of necessity, had to become a specialist in government economic reporting.

One of my early clients was a large manufacturer of commercial airplanes, who had developed an econometric model for predicting revenue passenger miles. The level of revenue passenger miles was their primary sales forecasting tool, and the model was heavily dependent on the GNP (now GDP) as reported by the Department of Commerce. Suddenly, their model stopped working, and they asked me if I could fix it. I realized the GNP numbers were faulty, corrected them for my client (official reporting was similarly revised a couple of years later) and the model worked again, at least for a while, until GNP methodological changes eventually made the underlying data worthless.

That began a lengthy process of exploring the history and nature of economic reporting and in interviewing key people involved in the process from the early days of government reporting through the present. For a number of years I conducted surveys among business economists as to the quality of government statistics (the vast majority thought it was pretty bad), and my results led to front page stories in the New York Times and Investors Business Daily, considerable coverage in the broadcast media and a joint meeting with representatives of all the government's statistical agencies. Despite minor changes to the system, government reporting has deteriorated sharply in the last decade or so. -- John Williams

Peter Schiff Video Blog June 17, 2010 - Obama, Congress, Hypocrisy, Gold



Schiff Report Video Blog June 17th 2010
Gold rose approximately $15 an oz. today.

Saturday, February 20, 2010

U.S. Fed Raises Interest Rate; Peter Schiff analysis on CNBC Fast Money 2-18-10


Look at the CNBC Fast Money People's faces when Peter Schiff starts talking about the US and the trillions of dollars of debt that we owe. They can't wait to get him off the air, because he is exposing the truth.

Peter Schiff Fast Money CNBC 19 Feb 2010 Part 1 of 2


Peter Schiff is the only one to listen to on CNBC. He keeps advising Americans to buy gold. Oil is going up because of inflation..

Wednesday, February 17, 2010

Unhappy Stimulus Anniversary Video blog by Peter Schiff 02-17-10



"If governments could create prosperity by spending money there would be no poor nations. It is very simple to create money and spend it. The reality is that does not provide prosperity, it does not provide meaningful employment, it inhibits it. The fact of the matter is the more the government tries to stimulate our economy, the weaker the economy is going to get. The more money the government spends to create jobs the more employment opportunities will be destroyed..." - Peter Schiff

Peter Schiff is like a modern day Thomas Jefferson. Check out this great quote from Thomas Jefferson.

"I predict future happiness for Americans if they can prevent the government from wasting the labors of the people under the pretense of taking care of them" - Thomas Jefferson (3rd President of the US)